Shibarium Shiba Inu L2 Breaks Key Milestone with Over 7 Million Blocks

Shibarium, Shiba Inu’s Layer-2 scaling solution, has hit a significant milestone, surpassing 7 million total blocks on its main net, according to data from Shibariumscam. The network now boasts over 418 million total transactions and 1.8 million wallet addresses. However, daily transaction volume has recently dropped from 11,230 to 3,190, signaling some concerns. Despite upgrades and increasing adoption, Shibarium’s growth hasn’t consistently boosted Shiba Inu’s price. The token, which rallied earlier this month after the SHI stablecoin announcement, has dropped 7.81% in the last 24 hours, now trading at $0.00001822.